An update on Member Countries’ Contributions to IEA Collective Stock Draw

Following the unanimous decision on 1 March to make 60 million barrels available from emergency stocks, nearly 62.7 million barrels of emergency oil stocks are being made available collectively by IEA Member Countries.

As shown in the table below, over two-thirds of this is coming from public stocks (government or specialized agency-held stocks) and nearly one-third is from the lowering of stockholding obligations set on industry. The vast majority of the public stocks are in the form of crude oil, while the bulk of the oil available from lowering stockholding obligations is refined product.